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Virgin Orbit was unable to secure the funding it needed to recover from the failure of its last mission Richard Branson’s Virgin Orbit Holdings, a California-based satellite launch company and a subsidiary of his Virgin Group, announced on Tuesday that it had filed for Chapter 11 bankruptcy protection in the US.
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The move suggests that restoring the pipeline has not been ruled out, sources say Two major German insurance companies have renewed coverage of the damaged Nord Stream 1 gas pipeline, Reuters reported on Tuesday, citing sources.
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